joining me now, head of schwab retirement plan. thank you for coming on. that at year. i want to start with how we kind of messed this all up because so many people are disappointed in their retirement savings, their retirements. just one in four participants is on track to meet savings goals. 87 percent say they don't have enough money to retire. you know as well as i do, there is a lot of disappointment out there right now. >> there is a lot of disappointment. yet there is optimism. the system still works. and i think if you focus on a couple of key variables, number one, you have to participate. then you have to be mindful of all the expenses involved. many of the expenses are in the asset management fees trying to drive down those fees can make a big difference. gerri: and let's get right to that because this index goes right to that. if you are using all index funds you can really drive down your cost big time. explain that to us. >> sure. with index funds you have the lowest possible cost in the marketplace for the underlying mutual fund. we have used all index mu